5 $10 Stocks That Will Triple

4. Despegar.com, Corp. (NYSE:DESP)

Number of Hedge Fund Holders: 15

Share Price as of February 26: $8.70

Despegar.com, Corp. (NYSE:DESP) is an online travel company operating in Latin America and the United States. The company offers airline tickets, travel packages, hotel rooms, car rentals, and more, allowing consumers to compare, plan, and purchase travel products. Despegar.com, Corp. (NYSE:DESP) is one of the stocks that will triple. On December 13, 2023, the company revised its full-year 2023 revenue expectations, adjusting the range to $690 million to $700 million compared to the previous estimate of $670 million to $700 million. Additionally, Despegar.com, Corp. (NYSE:DESP) raised its adjusted EBITDA outlook to $105 million to $110 million, up from the earlier guidance of $90 million to $100 million.

According to Insider Monkey’s fourth quarter database, 15 hedge funds were bullish on Despegar.com, Corp. (NYSE:DESP), compared to 12 funds in the last quarter. Amit Wadhwaney’s Moerus Capital Management is the biggest stakeholder of the company, with 3.75 million shares worth $35.4 million. 

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